THE divestment of Central Square by Far East Hospitality Trust (FEHT) for S$313.2 million would unlock significant value for unitholders, as it would minimise income drag and free up capital and balance-sheet capacity for the real estate investment trust (Reit) to pursue other acquisitions, ...

THE divestment of Central Square by Far East Hospitality Trust (FEHT) for S$313.2 million would unlock significant value for unitholders, as it would minimise income drag and free up capital and balance-sheet capacity for the real estate investment trust (Reit) to pursue other acquisitions, ...

Analysts from both CGS-CIMB Research and DBS Group Research have kept their “buy” or “add” calls on Far East Hospitality Trust (FEHT), with DBS raising their target price.. DBS’s Geraldine Wong and Derek Tan have handed the stock a target price of 78 cents, up from their previous target p...

CDL has announced that it will develop its Central Mall properties and the surrounding area into a large-scale mixed-use development. This follows the proposed $315 million acquisition of Central Square. Located at 20 Havelock Road, Central Square is currently a 99-year leasehold commercial and resi...

UOB Kay Hian analyst Jonathan Koh has maintained “overweight” on Singapore REITs (S-REITs) as a new Covid-19 variant emerges. See: 'Watch out for Omicron' and keep an eye out for these sectors: DBS The new variant, named Omicron, is said to be more contagious with 50 mutations. The current vac...

Far East Orchard has seen its attributable loss in its 9MFY2021 double y-o-y from $6.3 to $12.8 million as the Covid-19 pandemic continues to take its toll on the hospitality sector. In an earnings release, FEO said the hospitality business segment, particularly in Australia with its extended lockdo...

DBS Group Research analysts Geraldine Wong and Derek Tan see things looking up for hospitality Singapore REITs (S-REITs) as signs of recovery emerge. “Hospitality S-REITs reported strong performance in 3Q2021 and promise heading into 2022,” they highlight in a Nov 1 research note. The analysts...

UOB Kay Hian analyst Jonathan Koh has maintained his “buy” call and target price of 71 cents for Far East Hospitality Trust (FEHT), forecasting a recovery for the stock. In a Nov 1 report, Koh observes that FEHT reported distributable income of $13.5 million for its 3QFY21 (up 12.5% y-o-y), wh...

Far East Hospitality Trust (FEHT) has reported gross revenue of $20.76 million for the 3QFY2021 ended September, 0.7% higher than the $20.62 million reported a year ago. The marginally higher revenue was underpinned by higher revenue for commercial premises due to lower rental rebates, which offse...

FAR East Hospitality Trust's (FEHT) income available for distribution rose 12.5 per cent year on year to S$13.5 million for Q3 2021.